To attract Offshore Wind (OSW) investment to Nova Scotia, it is important to understand the development in other jurisdictions. For example, Europe has developed, and the USA are developing, an active OSW industry encompassing the entire OSW supply chain. If Nova Scotia developed OSW in its coastal waters, it would compete for investment against these jurisdictions. Naturally, investors often select locations with minimized investment risks. It is important for the Province to understand what economic and policy conditions could minimize investor risk and be used to attract investment in Nova Scotian OSW developments.
Aegir is creating a report that (1) summarizes the policy and economic conditions in competing jurisdictions that have experienced OSW investments, (2) describes the economic and policy conditions required to attract OSW investment to Nova Scotia and (3) identifies a feasible timeline for OSW investment in Nova Scotia.
Principal Investigator: Rikke Winther Nørgaard, Aegir Insights Aps